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Large ECB Cut Plays To Conclude The Quarter

OPTIONS

Friday's Europe rates / bond options flow included:

  • ERK3 96.62/96.50/96.37p fly, bought for 3 in 2k
  • ERK3 96.25/96.125/96.00p ladder, bought for 0.25 in 18k
  • ERZ3 95.50p, bought for 12 in 10k (ref 96.435, 20 del)
  • ERZ3 97.50/98.00/98.50c fly, bought for 2 in 6k.
  • ERZ3 98.00c, bought for 9 in 7k - This was bought for 14 on Tuesday. Looks like over 100k now for the ERU3 and ERZ3 98.00c that have been bought.

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